Soybean Prices Could Skid Lower

With grain markets sliding, soybean prices could fall to $10.20 after dropping a dollar in just two days, according to Todd Horwitz of BubbaTrading.com.

“I think what you’ve got to remember is there is too much information flowing out there, and there are too many people trying to play the information and I think that’s the mistake that we all tend to make,” explained Horwitz, who noted that wheat and corn prices are also slipping. “We got too excited about the possible weather, and then all of a sudden it’s over, and you see the collapse. I think we’re seeing the lows."